Round One is the procedure through which the CNH will offer to the private sector 169 areas for engaging in oil and gas extraction and exploration projects in deep waters, in shallow waters and for unconventional resources.
January 26th 2015.
Dear clients and friends,
The Energy Reform approved in December 2013, establishes that the private sector can participate in the extraction and exploration of oil and gas under the procedure that the State determines. In this regard, on December 11, 2014, the National Oil and Gas Commission (Comisión Nacional de Hidrocarburos) ("CNH") issued the rules for the first bid of 14 contractual areas of Round One.